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Example 2 chap 5

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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March 23, 2018 at 11:20 am #443589
humai
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Sir in example 2 of chapter 5, because of decrease in receivable why we have calculated interest saving?
March 24, 2018 at 9:51 am #443660
John Moffat
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Because if receivables are paying faster then there will be a lower overdraft and therefore less interest.
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